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Bryant Company designs and builds fancy dining room tables for individual customers. On July 1, there were two jobs in process: Job 391 with a
Bryant Company designs and builds fancy dining room tables for individual customers. On July 1, there were two jobs in process: Job 391 with a beginning balance of $21,700 and Job 392 with a beginning balance of $8,790. Overhead costs are applied by using a rate of 70% of direct labor costs. Both jobs are unfinished on July 31. Data on July costs for both jobs are as follows: Job 391 Job 392 Direct Materials $5,100 $ 9,200 Direct Labor Cost 2,700 11,000 What is the total of the Work-in-Process Account at July 31? Answer $28,000 $58,490 $68,080 $37,590 none of these
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